Was October's 5% down move of the Dow Jones Industrial Average the start of a new trend?

From Dana Lyons : Everything was going just fine for investors at the end of September. The major averages closed right near all-time highs, just in time for quarterly 401 statements. Then October happened and, well, you know...
a nearly double-digit drawdown intra-month in the Dow Jones Industrial Average and an eventual loss of more than 5% for the month. But, that's just one bad month, right? Not the start of a new trend or anything? Certainly, only the future knows the answer to that. However, the past may suggest that it may be more than a 1-month hiccup.
Why do we say that? Take a...Read more ...